Freedom Mortgage hit with $4 million fine
The company, which has been dubbed a “repeat offender” by regulators, faces another penalty for submitting inaccurate loan data.
June 18, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Opt-in day is here — who’s in?Connecticut’s SmartMLS reluctantly decides to join the NAR settlement. Other MLSs and brokerages have until the end of the day to opt in.Updated June 20, 2024
- DOJ pushes back on NAR’s rehearing requestThe agency wants to reopen its antitrust investigation into the association, and on June 17 said NAR’s attempt to block that move is not justified.June 17, 2024
- It’s time for brokerages, MLSs to settle — or face liabilityJune 18 is the deadline for those not covered by the NAR settlement to opt in and pay damages, or risk further litigation in the commissions cases.June 17, 2024
- Can REX make a comeback?The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.June 17, 2024
- Zillow, MLSs reach settlement in ShowingTime lawsuitThe home search giant filed a lawsuit last December over the removal of its showing platform in the ARMLS and Metro MLS regions.June 14, 2024
- Mortgage rates decline for a second week, boosting applicationsBuyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.June 13, 2024
- Only one rate cut is coming in 2024The Federal Reserve left rates unchanged despite some easing of inflation, but signaled that more cuts are likely next year.June 12, 2024
- Douglas Elliman dismissed from buy-side commission caseCompass, eXp, Redfin, Weichert and United Real Estate among remaining defendants in Batton 2 case; a smaller case moves closer to a settlement.June 12, 2024
- Offerpad partners with Realtor.com to expand cash offersThe search portal integration is the iBuyer’s latest move as it focuses on growing market share through partnerships and agent incentives.June 11, 2024
- MLS PIN to DOJ: Stay out of our settlementAttorneys argue that if the federal agency wants to make policy changes, it should do so through the legislature, not an antitrust settlement.June 10, 2024
- KW tackles commissions questions, tries to calm agent fearsAt a town hall event, Keller Williams leadership addressed agents’ concerns, acknowledged that “change is not comfortable.”June 10, 2024
- 3 top takeaways from NAR’s updates on steeringNew additions to the National Association of Realtors’ settlement FAQ page reinforce the idea that the client comes first, not the commission.June 8, 2024
- Company joins in appeal of commissions settlementsIn a previous objection, Spring Way — a former plaintiff in a copycat case — said the amount paid by Anywhere, RE/MAX and KW won’t cover all “injured parties.”June 7, 2024
- After backlash, Bing is removing MLS listingsIndustry leaders began sounding the alarm last week after seeing unlicensed data on a portal-like section of Microsoft’s search engine.Updated June 10, 2024
- Mortgage rates dip below 7%, but market is still ‘bittersweet’Despite an increase in supply, affordability continues to keep many buyers on the sidelines, and rates aren’t expected to fall significantly this year.June 6, 2024
- Mark your calendars: 3 key dates for the industry and the DOJSeveral commissions-related milestones are coming up, starting with the NAR settlement opt-in deadline in less than two weeks.June 6, 2024
- The best medicine for MLS ‘disruption’? Info, says Unlock CEOThe Austin-based MLS will roll out mandatory changes a few days early to help its members “own the moment” in August and beyond.June 4, 2024
- Homebuyer files appeal challenging Sitzer/Burnett settlementsA plaintiff involved in the Batton cases filed a brief with the U.S. Court of Appeals on Friday related to the Anywhere, RE/MAX and KW settlements.May 31, 2024
- 3 ways to recharge your website before the market bounces backT3 Sixty’s technology consultants share their findings about the importance of speed, design and functionality for brokerage sites.May 31, 2024
